- Yi: +5.5
- Attempting to bottom out: ANF, BA, BBY, CAKE, CPRI, GM, HA, KSS, LEN, M, MDC, MED, MTH, SFIX, TPR, VFC, YETI, Z
- Extremely oversold: KSS
- Moderately oversold: LEN. MAIN, PRU, Z
- Up against the 65 DMA: UGA
- Up against the 28 DMA: CL, PM, RSX, SCHX, XOM
- Up against falling trend line resistance: CL, GOLD, IYE
- Moderately overbought: EQNR and NVS
- A break out either way is setting up for: KOL, $PLAT, PPLT, SEE
- Anything posted may be off base.
For those of you who have inquired, the "Yi" is my own proprietary overbought/oversold indicator. A +10 reading generally indicates we are overbought in the overall market, and -4 or a -5 reading is telling us the market is a bit oversold. The "zero line" in between the plus and minus readings will sometimes act as an area of support or resistance, so I tend to keep an eye on that level also. A reading of +20 is extremely overbought, and a -10 indicates the market is extremely oversold.
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